Tagged: europe

July 16, 2020 @ 8:52 pm By Omar Faridi  |  

Banco Santander, a Madrid-based multinational commercial that generates around 50 billion Euros in annual revenue, and Banco Sabadell, the fifth-largest Spanish banking group with over 26,000 employees, have finalized a proof-of-concept (PoC) test that supports the execution of digital payments via blockchain-based smart contracts. BBVA,… Read More

July 15, 2020 @ 12:43 am By Omar Faridi  |  

Telefónica, S.A., a Spanish multinational telecommunications company with over 48 billion EUR in annual revenue, will be piloting a blockchain or distributed ledger tech (DLT)-based platform for settling roaming discount agreements. Telefónica will be joined by Deutsche Telekom, a major German telecommunications company, and British… Read More

July 14, 2020 @ 1:40 pm By Samantha Hurst  |  

Global fintech platform Nium (formerly known as InstaReM) announced on Tuesday it has expanded Visa Card insurance service in Europe. This news comes just after Nium announced similar services in Australia. Founded in 2015 as InstaReM, Nium is on a mission to improve the cross-border… Read More

July 14, 2020 @ 9:54 am By Samantha Hurst  |  

Cryptocurrency exchange Binance announced on Tuesday the official launch of its Binance Card in Europe and the UK. According to Binance, the card will enable users to convert and spend BTC, BNB, SXP, and BUSD to fiat at more than 60 million merchants across 200… Read More

July 14, 2020 @ 7:13 am By Omar Faridi  |  

Virtual banking service provider Backbase is planning to establish two new offices in order to meet growing demand for its products in Australia, where digital banking platforms are expected to expand rapidly in the coming years. Backbase will be offering greater proximity and expertise in… Read More

July 13, 2020 @ 7:43 am By Omar Faridi  |  

The Port of Rotterdam in the Netherlands has introduced a blockchain or distributed ledger tech (DLT) -enabled pilot with some of the largest shipping companies in the world. The pilot aims to enhance the overall efficiency and safety of millions of containers that are unloaded at… Read More

July 11, 2020 @ 3:14 pm By Omar Faridi  |  

Switzerland-based UBS Group AG (UBSG:SW), a multinational investment bank and financial services company co-headquartered in Basel and Zürich and Basel with nearly $1 trillion in total assets, has launched a new Big Data software tool that can predict and quantify the probability of a company… Read More

July 10, 2020 @ 4:20 pm By Omar Faridi  |  

The developers of Oslo, Norway-based Opera Browser revealed that they will be launching their first consumer Fintech offering for the European market. Opera, which is now Chinese-owned, said it will be acquiring Fjord Bank, which will help the internet browser developer with accelerating the launch… Read More

July 7, 2020 @ 10:30 pm By Omar Faridi  |  

Around 40% of European consumers responding to a survey claim that they’ve not been able to access new financial services because of lockdown measures enforced after the COVID-19 outbreak. These consumers also said they’re unable to access digital platforms, which is why they can’t use… Read More

July 5, 2020 @ 7:17 pm By Omar Faridi  |  

Village Capital helps company founders and business owners through its accelerator program. There are 11 early-stage Fintech firms that will be taking part in Village Capital’s investment-readiness program, called Finance Forward Europe. The initiative is part of Finance Forward, which is a multi-year global coalition… Read More

July 5, 2020 @ 5:11 pm By Omar Faridi  |  

Switzerland-based InCore Bank, a “one-stop” B2B transaction bank (founded in 2007), has reportedly enabled fiat on-ramps for digital asset exchange Kraken’s European customers. Europe’s retail and institutional clients can now purchase cryptocurrencies like Bitcoin (BTC) and Ether (ETH) through Kraken by using their fiat money… Read More

July 4, 2020 @ 3:34 pm By Omar Faridi  |  

LocalBitcoins, a leading peer to peer (P2P) Bitcoin (BTC) exchange, reported its financial results on July 1, 2020 for last year (2019). The P2P crypto exchange company recorded an annual revenue of €26.2 million (appr. $29.46 million), which represents a significant 10% increase when compared… Read More

July 3, 2020 @ 8:13 am By Omar Faridi  |  

October, a leading European online lender, notes that it was launched after the global financial crisis of 2008-2009 with the goal of providing more financing options or alternatives to European SMEs. The October team wrote in a blog post published on July 1, 2020: “We… Read More

July 1, 2020 @ 8:38 am By Omar Faridi  |  

UK-based Fintech SumUp, a payments service provider, has teamed up with Google in order to enable merchants using Google My Business to add support links to gift cards to their business profile on Google. This latest move aims to support SMBs during COVID-19 and also… Read More

July 1, 2020 @ 7:19 am By Omar Faridi  |  

Paris-based Société Générale S.A., a French multinational investment bank and financial services company with around €1.3 trillion in assets, is reportedly acquiring Shine, a French neobank for business owners. The acquisition might be worth approximately €100 million, according to estimates from industry participants. Established about… Read More

June 30, 2020 @ 11:21 am By Samantha Hurst  |  

Online banking and payments company i2c announced on Tuesday it is now assisting clients of Wirecard or any other insolvent bank. As previously reported, Wirecard filed for bankruptcy last week following the announcement the German fintech had misplaced €1.9 billion. The aftershocks of the announcement… Read More

June 30, 2020 @ 7:24 am By Omar Faridi  |  

Mastercard and EedenBull will be supporting the launch of a digital banking platform in the APAC region. The new digital bank will be serving businesses in Asia by helping them process payments in a more efficient manner. EedenBull is a Norwegian Fintech firm that has… Read More

June 28, 2020 @ 4:20 pm By Omar Faridi  |  

IFN Islamic Fintech, a “one-stop-shop” for industry knowledge, networking and communication in the global Islamic financial technology space, revealed on June 26, 2020 that there are now at least 127 Fintech firms globally that reportedly provide a Shariah-compliant product. IFN says that it will soon… Read More

June 28, 2020 @ 12:55 pm By Omar Faridi  |  

France’s IDEMIA, a global company focused on providing security and identity solutions, including facial recognition systems and related biometric ID verification services (with over $3 billion in yearly revenue), and Treezor have launched an eco-friendly payment card by Onlyone, a French Fintech company. The announcement… Read More

June 27, 2020 @ 2:23 pm By Omar Faridi  |  

France-based AI company ubble has acquired more than €10 million (appr. $11.2 million) in capital through a round led Breega and Partech and Breega. The funds raised will reportedly be used to develop ubble’s remote onine ID verification product which will include biometric facial recognition…. Read More